531120

Lessors of Nonresidential Buildings (except Miniwarehouses)

Cyber Liability Insurance for NAICS 531120

CYB

Ranked reasons a business in NAICS 531120, Lessors of Nonresidential Buildings (except Miniwarehouses), needs Cyber Liability coverage. Each reason is specific to how this industry actually loses money, and ends with the question to ask before the objection comes up.

  1. 01

    Building systems run the property automatically.

    • HVAC, lighting, elevators, and access control run on building management systems.
    • Those systems are networked and often remotely accessible.
    • Tenants cannot occupy a building without heat, cooling, or lifts.
    ASK
    What building systems are connected and remotely accessible?
  2. 02

    Rent and payment instructions are targeted by fraud.

    • Tenants pay rent electronically against instructions from you.
    • Fraudsters send fake banking changes to tenants directly.
    • Commercial rent payments are large and monthly.
    ASK
    How do you communicate payment instructions to tenants?
  3. 03

    Tenant and lease data is commercially sensitive.

    • Lease terms, rents, and tenant financials are held per property.
    • Competing landlords and tenants would both value that information.
    • Disclosure damages negotiating position across the portfolio.
    ASK
    Where are your lease and tenant financial records held?

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